Investment banker Ken Moelis told CNBC on Friday that it’s “almost impossible” to get the boards of U.S. public companies to enter into China deals. The tense Washington-Beijing relations are impacting large-cap stocks, the deal-making powerbroker said on “Squawk on the Street. ” “What you’re seeing in this volatility is a macro risk: China trade
Traders work on the floor at the New York Stock Exchange May 7, 2019. Brendan McDermid | Reuters Trade headlines could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and moves in the bond market, which is flashing new worries about the economy.
U.S. equities are pushing higher on Friday afternoon, but are still on track for a weekly loss as trade tensions continue to weigh on sentiment. The next major milestone is whether President Donald Trump and Chinese President Xi Jinping will meet on the sidelines of the G20 meeting in Japan next month. The White House
It was a quiet trading session on Friday, with U.S. stocks rising modestly ahead of a three-day holiday weekend. Will we see more selling pressure next week or will positive trade talk give stocks a lift? When one tweet can move the market, it’s impossible to say. So let’s look at a few top stock
Costco (NASDAQ:COST) stock continues its march higher. With stockholders having recovered all of their losses from last fall’s sell-off, many might wonder where Costco stock goes from here. Amid the company’s successes, valuations remain higher than that of most peers. Source: Shutterstock Moreover, with the stock price returning to the highs of last September, investors
It’s not often that buying one of the most recognizable businesses in America can be considered a gamble, but in the case of AT&T (NYSE:T) stock, the bull thesis is a bit of a long shot. AT&T is in the midst of a massive overhaul that will either leave it debt-laden and crippled or change
Daniel Loeb Simon Dawson | Bloomberg | Getty Images Daniel Loeb’s Third Point has built a stake in Centene as the health insurer works to complete its previously announced purchase of WellCare Health Plans. While the activist hedge fund confirmed on Friday that it has a financial position in Centene, neither the reason for its
An employee arranges a sneaker display at a Foot Locker Inc. store inside the South Park Mall in Strongsville, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines midday Friday: Foot Locker — Shares of Foot Locker were down 17% in midday trading after the shoe retailer reported adjusted quarterly
The stock market knows something policymakers don’t: The era of oil stocks is dead. Despite Administration efforts to embargo Iran and Venezuela, and despite fracking’s growing control over supply, the price of the U.S. benchmark West Texas Intermediate crude oil remains below where it was last fall. The global price, defined by Brent North Sea
Adobe (NASDAQ:ADBE) stock has been around a long time. It is one of the tech industry pioneers that transitioned from selling software to enterprise companies to delivering professional products all the way through the funnel to individuals. Source: Shutterstock It was an original Silicon Valley company, founded in San Jose in 1982. That’s a long
Chinese made jackets are displayed for sale at a Manhattan department store on May 07, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images American retailers are working hard to leverage this Memorial Day weekend to boost sales. Heavyweights like Amazon, Target, Macy’s, and Home Depot all have big promotional
Check out the companies making headlines before the bell: Foot Locker — The athletic footwear and apparel retailer reported adjusted quarterly profit of $1.53 per share, missing estimates by 7 cents a share. Revenue also came in below forecasts, and a comparable-store sales increase of 4.6% was below the 5.1% estimate of analysts surveyed by
General Electric (NYSE:GE). JC Penney (NYSE:JCP). US Steel (NYSE:X). In investing, and business, a good name and a long history are worth precisely nothing. This is especially true in technology, where once-great names like Silicon Graphics, Wang and Novell never got a chance to grow old. Source: Shutterstock But Intel (NASDAQ:INTC)? Intel, the home of Moore’s Law,
U.S. stock futures are trading higher this morning in a rebound attempt to pare yesterday’s large losses. Heading into the open, futures on the Dow Jones Industrial Average are up 0.47%, and S&P 500 futures are higher by 0.48%. Nasdaq-100 futures have added 0.38%. In the options pits, yesterday’s plunge sent put activity soaring while
The bulls finally started fighting back late in the day, but it didn’t matter. Even coming up off the intraday day low of 2,805.49, the S&P 500’s close of 2,822.24 was still 1.19% worse than Wednesday’s last trade. Bank of America (NYSE:BAC) inflicted the most net damage, falling 2.5% for no particular reason other than
Okta is not a household name Okta (NASDAQ:OKTA). It’s clients are though. Over 6,100 organizations across industries, including Nordstrom, Inc. (NYSE:JWN), Slack, and Teach for America, use Okta to protect and manage the identities of their workforces and customers. Although this doesn’t tie Okta stock to those companies’ fortunes, it does give one a sense of its
Customers exit a Target Corp. store in Colma, California David Paul Morris | Bloomberg | Getty Images Big-box retailer Target is proving to be safe from the threat of Amazon, according to J.P. Morgan. The bank said Target should be revalued from the “middle bucket” of retail to the best-in-class “Amazon safe” bucket. J.P. Morgan
It’s not impossible to make a bullish argument for AT&T (NYSE:T). The company has achieved some positives so far in 2019 the legitimately could give one confidence in AT&T stock. Source: Shutterstock For one thing, it has reaffirmed guidance, putting to rest suggestions that its recent mega-merger was facing early integration issues. The company is also making
I don’t know what Disney (NYSE:DIS) CEO Robert Iger does day to day. However, I’m sure one of his actions over recent weeks involved a face-palming. That’s because DIS stock, which is in the middle of a critical pivot, now faces a possibly severe headwind. Making headlines throughout the world is the ongoing and escalating
Chipotle Mexican Grill Inc. restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Chipotle Mexican Grill is about to take a hit from rising prices due to the African swine fever, according to BMO Capital Markets. The bank downgraded the restaurant chain to underperform from market perform on Thursday, citing its high exposure
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